Mobileiron Inc (MOBL) Director Leslie Stretch Acquires 11,950 Shares

Share on StockTwits

Mobileiron Inc (NASDAQ:MOBL) Director Leslie Stretch bought 11,950 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of $5.01 per share, for a total transaction of $59,869.50. Following the purchase, the director now directly owns 22,228 shares of the company’s stock, valued at $111,362.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ MOBL traded up $0.04 during trading on Tuesday, hitting $5.06. The company’s stock had a trading volume of 731,800 shares, compared to its average volume of 698,828. The company has a market cap of $536.10 million, a PE ratio of -12.05 and a beta of 1.75. Mobileiron Inc has a fifty-two week low of $3.98 and a fifty-two week high of $5.71.

Mobileiron (NASDAQ:MOBL) last issued its quarterly earnings results on Thursday, February 7th. The software maker reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $54.10 million during the quarter, compared to the consensus estimate of $54.40 million. Mobileiron had a negative return on equity of 76.61% and a negative net margin of 22.30%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts expect that Mobileiron Inc will post -0.32 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank acquired a new stake in Mobileiron in the fourth quarter worth about $50,000. GSA Capital Partners LLP acquired a new stake in Mobileiron in the fourth quarter worth about $68,000. Metropolitan Life Insurance Co. NY boosted its holdings in Mobileiron by 290.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,024 shares of the software maker’s stock worth $97,000 after acquiring an additional 15,637 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Mobileiron in the fourth quarter worth about $101,000. Finally, Stone Ridge Asset Management LLC boosted its holdings in Mobileiron by 59.3% in the fourth quarter. Stone Ridge Asset Management LLC now owns 24,326 shares of the software maker’s stock worth $112,000 after acquiring an additional 9,055 shares in the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

MOBL has been the subject of several recent analyst reports. Zacks Investment Research raised Mobileiron from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Thursday, January 24th. BidaskClub raised Mobileiron from a “sell” rating to a “hold” rating in a report on Friday, February 8th.

WARNING: “Mobileiron Inc (MOBL) Director Leslie Stretch Acquires 11,950 Shares” was first posted by Zolmax and is the property of of Zolmax. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://zolmax.com/investing/mobileiron-inc-mobl-director-leslie-stretch-acquires-11950-shares/2975356.html.

Mobileiron Company Profile

MobileIron, Inc, together with its subsidiaries, provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally.

Featured Article: Calculating net profit and net profit margin ratio

Receive News & Ratings for Mobileiron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileiron and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Numeraire Trading Up 32.8% This Week
Numeraire Trading Up 32.8% This Week
BitDegree  Reaches One Day Volume of $619.00
BitDegree Reaches One Day Volume of $619.00
Online  Trading Up 32.5% Over Last 7 Days
Online Trading Up 32.5% Over Last 7 Days
HOQU Reaches Market Cap of $1.22 Million
HOQU Reaches Market Cap of $1.22 Million
Critical Contrast: COMSCORE  vs. Conduent
Critical Contrast: COMSCORE vs. Conduent
COZ  Achieves Market Cap of $652.80 Million
COZ Achieves Market Cap of $652.80 Million


 
© 2006-2019 Zolmax.